Is your emergency fund a little bit light? Have you found yourself strapped for cash to pay your rent or other important bills?
You’re not alone! Luckily, having access to easy online loans can help you get through a rough patch so you can get back on your feet. A lot of people don’t realize how simple it is to get fast cash loans online!
Stick with us and by the time you’re done reading this post, you’ll know exactly how to find the loan you’re looking for and how to go through the process from initial application to having the funds in your bank.
What Are Easy Online Loans?
There are many different types of loans you can easily get online. This includes cash loans for bad credit, cash advance loans, and more.
Most offer a simple online application and fast approval. Many will also approve a loan without a credit check. These types of loans are usually ideal for people who are facing an unexpected cash-flow crunch that they expect to be temporary.
Easy online loans with no credit check are excellent for anyone who has experienced credit setbacks in the past or haven’t yet had the chance to establish a strong credit.
How to Find the Best Lender
When applying for a loan online, it’s extremely important that you find a legit lender. Remember that just because a company says they offer instant cash loans or payday loans online, it doesn’t automatically mean that you can trust them!
Before you put your private information out on the internet, it pays to do your research! Do a Google search of the business name and see what comes up. Check out reviews from previous customers and see what they have to say.
If a lender states that they guarantee approval, it’s a scam. No lender is going to give away money without checking to see if you have the ability to pay them back. It’s also a good idea to steer clear of any lender that tries to push you to take a loan.
You’ll also want to make sure that the website is secured (starts with https:// instead of http://) and that you can find a phone number and physical address for the lender. If anything gives you a bad feeling, click away and keep looking!
Do NOT give a lender any of your information until you have verified that they are reputable. Otherwise, they could steal money from your bank account or you could become a victim of identity theft. Whenever you’re dealing with your finances, it pays to be extra careful.
Things to Watch Out For
Once you’ve found a lender with a good reputation, there are a few more things you’ll want to keep an eye out for. Even legitimate lenders can have less-than-positive loan terms, and it’s important to understand what you’re getting into before you commit.
Some red flags to watch out for include:
- Being vague about the fees – a good lender will be completely transparent about what they’re charging you
- Unusual application fees – while some lenders do charge application fees, they typically apply them to the loan and won’t ask for a strange payment, like a prepaid debit card
- Prepayment fees – this doesn’t mean that the lender isn’t legit, but it’s better to look for a company that won’t charge you a prepayment fee
- Adjustable rates – if you commit to a longer-term loan with an adjustable-rate, you could end up with monthly payments that are more than you can afford
- Extremely high-interest rates – do some research and make sure that the rate is comparable with other lenders
Now, you’re probably thinking: “I was looking for an easy online loan – this seems complicated!” Don’t worry, we’ve got an answer for that too.
You can skip all of the steps above and simply choose to apply for a loan with Captain Cash instead. We’re a highly reputable company with 100% transparency when it comes to interest rates and fees. We approve most (but not all) applicants and don’t charge an application fee.
If approved, you’ll have a fixed rate for the term of your loan and you can choose a repayment frequency that works for you. You’re also free to pay your loan off early with no additional fees!
How to Get an Online Loan
One of the best things about an online loan is how simple and easy the process is!
1. Complete Your Application
Fill out some basic information to complete your application online or call and speak to a representative. You can use our e-signature platform to securely sign your application, which speeds up the process.
2. Get Approved
In most cases, your application will be approved extremely fast. Our team prides itself on keeping things simple and providing excellent customer service.
3. Get Your Cash
If your loan is approved by 2 on EST, you’ll receive your money on the same day. We’ll deposit it right into your account, so you don’t have to worry about waiting for a check and driving it to the bank.
Get Started Today!
That’s it! Everything you need to know about easy online loans. Now that you see how simple it really is, you won’t hesitate next time you’re short on cash.
Need some money right now? No problem! You can complete our online application in five minutes or less and likely get approved the same day!